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PARAMOUNT PICTURES' TEENAGE MUTANT NINJA TURTLES TO BE RELEASED INTO SELECT INTERNATIONAL IMAX® THEATRES STARTING AUGUST 8

May 22, 2014

LOS ANGELES, May 22, 2014 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX; TSX:IMX), Paramount Pictures and Platinum Dunes today announced that the highly anticipated Teenage Mutant Ninja Turtles, starring Will Arnett and Megan Fox, will be digitally re-mastered into the immersive IMAX® format and released by Paramount into select international IMAX® theatres starting August 8.

In this modern-day iteration of the popular franchise that has captivated audiences of all ages for decades, the Turtles must work with fearless reporter April O'Neil (Megan Fox) and her wise-cracking cameraman Vern Fenwick (Will Arnett) to save New York City and unravel Shredder's diabolical plan. Based on the Teenage Mutant Ninja Turtles characters created by Peter Laird and Kevin Eastman, with a screenplay by Josh Appelbaum & André Nemec and Evan Daugherty, Teenage Mutant Ninja Turtles is produced by Michael Bay (director and executive producer of the blockbuster Transformers franchise), Andrew Form, Brad Fuller, Galen Walker, Scott Mednick and Ian Bryce, and directed by Jonathan Liebesman (Wrath of the Titans).

"Longtime partners Michael Bay and Jonathan Liebesman have done a wonderful job of updating this classic franchise for a next-generation audience," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "We look forward to teaming up with Paramount and bringing these fun, relatable and action-fueled characters to life in the most immersive way possible – through The IMAX Experience."

The IMAX release of Teenage Mutant Ninja Turtles will be digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images, coupled with IMAX's customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NASDAQ: VIA, VIAB), a leading content company with prominent and respected film, television and digital entertainment brands. Paramount controls a collection of some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

About IMAX Corporation

IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2014, there were 840 IMAX theatres (707 commercial multiplexes, 18 commercial destinations and 115 institutions) in 57 countries.

This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.